Jacksonville, Florida, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Global Warming Solutions Inc. (OTC MARKET: GWSO) - a developer of technologies aimed at mitigating the effects of global warming - is pleased to announce that Vladimir Vasilenko, Chief Executive Officer has entered into a voluntary Two-Year lockup agreement to sell no shares.
"Building value for shareholders in a public company requires not only success in establishing a strong business and revenue model, but also maintaining the financial integrity that comes from prudently managing the stock capital structure of the company.
We made a firm commitment to our employees, partners and shareholders that we would focus on executing our business plan with the guiding principle of enhancing shareholder value through profitable revenue growth and diligent oversight of our capital structure," said Vladimir Vasilenko, CEO of Global Warming Solution Inc. "We will continue to evaluate our stock capital structure to increase shareholder value. It is our team's primary objective to add value to current and future shareholders through actions reflecting appropriate fiduciary responsibility," concluded Vasilenko.
In a separate matter, GWSO received a proposal from several shareholders to create a new series of Preferred A Stock to convert their common shares with a 24-month lock-up agreement. GWSO is delighted to announce that multiple shareholders believe in the GWSO management team and its implemented business strategies, and are prepared to invest in GWSO on a long term basis. GWSO's board of directors is analyzing the proposal, and if the board of directors concurs with the shareholder group, the capital structure of the company will be substantially improved. The Company will update our shareholders on the board of directors' decision and the outcome of the transaction.
To learn more about Global Warming Solutions, Inc. Visit: http://www.gwsogroup.com
Forward-Looking Statements
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at https://www.gwsogroup.com.
Contact:
Vladimir Vasilenko
CEO
Global Warming Solutions, Inc.
Vladimir@gwsogroup.com